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>>it might be all right.

From this I think you are saying it is not a priori an illegal thing.

>>Does he own the whole franchise business? And how is it structured?

I believe he owns the whole franchise business, and I am guessing it is a business owned by the IRA. What more information would be necessary to tell whether this is a problem?

>>Do you need this information to help him with his taxes, or for blackmail purposes?

No and no.

My interest is understanding what can be done legally with an IRA and what if any tax penalties arise from doing it. I'm interested in knowing whether an illegal act occurred there. I'm interested in how scams work because educating myself that way, allows me to avoid being victimized by them. Is that so weird?

Regards -- C44
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